Knight-Swift

Summary

Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials. The company also provides logistics and intermodal services, such as brokerage, intermodal, and certain logistics; freight management; and non-trucking services. In addition, it offers various support services, including repair and maintenance shop services, warranty, insurance, and equipment leasing; and trailer parts manufacturing and warehousing services, as well as engages in the driving academy activities. In addition, it offers regional direct services to customers national transportation needs by utilizing carriers for coverage areas outside networks. The company operates a total of 18,019 tractors, which comprises 16,166 company tractors and 1,853 independent contractor tractors, as well as 67,606 trailers; 2,735 tractors and 7,413 trailers; and 597 tractors and 10,847 intermodal containers. It serves retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. Knight-Swift Transportation Holdings Inc. was incorporated in 1989 and is headquartered in Phoenix, Arizona.


History

 

Knight Transportation was founded in 1990 by four cousins: brothers, Randy and Gary Knight and brothers Kevin and Keith Knight. The four cousins worked for Swift Transportation, also based in Phoenix, and Randy was even a part-owner in Swift when Jerry Moyes bought out his interest. The Moyes family and the Knight family both were raised in Plain City, Utah, before moving to Phoenix in the late 1960s.Knight began transporting general commodities from Phoenix, Arizona, to Los Angeles, California. Starting with just a handful of trucks and one service center in Phoenix, Arizona, the company now runs a fleet of over 4,000 trucks and more than 8,700 trailers . Revenues have grown from over 13 million in 1991 to over $866 million in 2011, with operating ratios at or near 80% year after year. They have grown from a few associates to more than 4,000, and from a family-owned business to a publicly held company trading on the New York Stock Exchange in 1994.

In 2017, Knight Transportation merged with Swift Transportation and Knight-Swift Transportation Holdings Inc. was formed to serve as the parent company for both carriers.

In 2019, Knight-Swift settled a $100 million class-action lawsuit alleging the company failed to classify 20,000 owner-operator drivers as employees. Drivers were not paid the minimum hourly wage in accordance with the Fair Labor Standards Act and had their rights violated under the forced labor statute. The lawsuit from March 11, 2009 is entitled Van Dusen, et al. v. Swift Transportation Co. of Arizona, LLC, et al.. The deadline for claimants to file was December 14, 2019.Knight-Swift expanded from its core truckload market into less than truckload freight in July 2021 when it acquired southeastern regional LTL firm AAA Cooper Transportation for US$1.35 billion.


Mission

Knight has been a company focused on safe, sensible growth, built on financial strength and a commitment to working together with customers to achieve mutual goals.


Key Team

Mr. Adam W. Miller (CFO & Treasurer)

Mr. Todd F. Carlson (Gen. Counsel & Sec.)

Mr. Cary Michael Flanagan (Sr. VP & Chief Accounting Officer)

Mr. Kevin Quast (Chief Admin. Officer)

Mr. Michael K. Liu (Exec. VP of Operations of Knight)

Mr. James E. Updike Jr. (Exec. VP of Sales & Marketing of Knight)

Mr. James Fitzsimmons (Exec. VP of Operations - Swift)


References
Knight-Swift
Leadership team

Mr. David A. Jackson (Pres, CEO & Director)

Mr. Gary J. Knight (Exec. Vice Chairman)

Products/ Services
Logistics, Transportation
Number of Employees
20,000 - 50,000
Headquarters
Phoenix, Arizona, United States
Established
1990
Company Registration
SEC CIK number: 0001492691
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
NYSE:KNX
Social Media
Fri Mar 01 2024
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